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Services performed for cash should be recorded in the?

Revenue Journal


Where are services performed for cash should be recorded?

Revenue journal


Do revenue and expenses should be recorded in the same period to which they relate?

false


Collections received for service contracts should be recorded as?

Deferred service revenue


The revenue recognition concept?

The revenue recognition concept is commonly used in accrual form of accounting. This indicates revenue should only be recorded when and entity is completed to a substantial level.


You gave your son a driveway right away to your property does that cause there to be a lien on your property?

It should not if it is properly recorded as a property easement.


A product shipped on February 1st but invoiced on January 31st should be recorded as revenue for?

February


What is the journal entry of cash collected from sale of tickets and recorded as unearned revenue?

Cash collected from sales of tickets should be charged to sales rather then unearned revenue so the correct entry is as follows: [Debit] Unearned Revenue xxxx [Credit] Sales revenue xxxx


What if the deed to a house has the wrong city name?

You should contact the attorney who represented you at your closing and bring the error to her attention. The property will be mis-indexed in the land records and a corrective deed should be recorded at the attorney's expense.You should contact the attorney who represented you at your closing and bring the error to her attention. The property will be mis-indexed in the land records and a corrective deed should be recorded at the attorney's expense.You should contact the attorney who represented you at your closing and bring the error to her attention. The property will be mis-indexed in the land records and a corrective deed should be recorded at the attorney's expense.You should contact the attorney who represented you at your closing and bring the error to her attention. The property will be mis-indexed in the land records and a corrective deed should be recorded at the attorney's expense.


What cpt code is used with revenue code 250?

None. Revenue Code 250 is General Pharmacy. If the Drug has a CPT code it should be billed under 636, 637.


What should a new general manager of a radio station do in the first 30 days on the job?

Protect the license and increase revenue


Is tax a asset or expense and how do I record it in the General journal or balance sheet?

Tax should be recorded in the general journal because it is an expense.